Is It Too Late To Purchase FTW? Black Agnus Worth Skyrockets 438% And This Would possibly Be The Subsequent Crypto To Explode

The Black Agnus worth has skyrocketed 438% within the final 24 hours to commerce at $0.000003223 as of 6 p.m. EST on a 265% surge in buying and selling quantity to $7.5 million.

Black Agnus Worth Faces A Resistance Inside The Parabolic Curve

The FTW/USD buying and selling pair reveals an fascinating and probably bullish situation. Presently, the value is buying and selling above each the 50-period and 200-period easy transferring averages, at $0.00000305, and $0.00000301, indicating a “golden cross.”

That is usually thought of a powerful bullish sign, the place short-term momentum overtakes the longer-term pattern. The truth that the value is above each of those ranges provides weight to the concept that the market is in a bullish section.

In line with GeckoTerminal knowledge, the current worth motion reveals a transparent breakout from a parabolic curve, ranging from round  $0.0000028 and climbing to a excessive of $0.0000034. The parabolic nature of this transfer alerts a powerful upward thrust, suggesting a speedy acceleration in shopping for curiosity.

Nevertheless, this sample could be tough as a result of whereas it usually results in continued upward motion, it additionally alerts some extent the place the market may begin to overheat, resulting in a possible pullback.

FTWUSD Evaluation Supply: Dextools.io

The ascending help line highlights the value’s constant upward strain. This help line has been examined a number of occasions, solidifying its power across the $0.0000026 stage. So long as the value respects this ascending trendline, the bullish outlook stays intact.

Momentum indicators present additional insights with the MACD displaying a bullish crossover of the blue line transferring above the orange line, indicating that the upward momentum is strengthening.

Moreover, the inexperienced bars on the histogram verify this bullish sentiment. Whereas the MACD alerts continued power, merchants must be cautious of sudden shifts in momentum.

The relative power index (RSI) is at present at 54.30,  sitting in impartial territory. This means that the market is just not overbought, which leaves a chance for the bulls to catapult the value additional upside. Nevertheless, the value may transfer in both course with out a sturdy pullback or overextension sign.

Black Agnus Worth Alerts Extra Upside Coming

Based mostly on the present setup, the value may proceed to push greater, with the subsequent resistance ranges sitting round $0.0000035. Ought to shopping for strain stay sturdy, we may even see the value check ranges close to $0.0000038.

Nevertheless, if the parabolic rise fails to maintain itself and the value dips beneath the ascending help line, a transfer towards $0.0000026 and even $0.0000024 is feasible. Within the worst-case situation, an additional breakdown may result in a check of the $0.0000020 stage.

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